Kraft Heinz Co (KHC) Short Interest Up 8.0% in November

Kraft Heinz Co (NASDAQ:KHC) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 18,304,715 shares, an increase of 8.0% from the November 15th total of 16,955,646 shares. Based on an average trading volume of 3,380,295 shares, the short-interest ratio is currently 5.4 days. Currently, 2.0% of the shares of the stock are sold short.

KHC has been the topic of several analyst reports. BidaskClub cut shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Morgan Stanley decreased their price target on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. BMO Capital Markets decreased their price target on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Susquehanna Bancshares decreased their price target on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $90.00 price target (down from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.49.

Kraft Heinz (NASDAQ KHC) opened at $79.28 on Thursday. The firm has a market cap of $96,580.00 and a PE ratio of 22.01. Kraft Heinz has a 1-year low of $75.21 and a 1-year high of $97.77. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. research analysts anticipate that Kraft Heinz will post 3.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.15%. Kraft Heinz’s payout ratio is currently 77.88%.

Hedge funds have recently made changes to their positions in the company. Blue Chip Partners Inc. raised its holdings in Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the period. Martingale Asset Management L P raised its holdings in Kraft Heinz by 0.5% in the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after buying an additional 13 shares during the period. Guardian Life Insurance Co. of America raised its holdings in Kraft Heinz by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after buying an additional 16 shares during the period. Ropes Wealth Advisors LLC raised its holdings in Kraft Heinz by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after buying an additional 17 shares during the period. Finally, National Asset Management Inc. raised its holdings in Kraft Heinz by 0.5% in the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

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About Kraft Heinz

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

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